Market has surprised all of us and broken all the resistances. Now market has broken the most important resistance which it was having problems to move above from last 2 months, which is very good for the market. If today, market continues its positive momentum and closes above 5730, it confirms that all the short term negativity is over for the time being and we can look out for fresh break out.
Now the main resistance which was a gap down at 5660 is a support where we have seen gap up opening. Now that will act as a immediate support and we can keep our long positions.
Bank Nifty has been trading at the major resistance around 11780. Now looking at the market move, even that will be broken, which is again positive for the market.
Market move above 5780 on expiry day is very surprising and this gives more confidence in the market. Since the volumes are good yesterday and continuous followup buying today, this is very much positive and we can expect market to test 6000 from here now. You can go long keeping stop loss at 5660 as stop loss.
Now the main resistance which was a gap down at 5660 is a support where we have seen gap up opening. Now that will act as a immediate support and we can keep our long positions.
Bank Nifty has been trading at the major resistance around 11780. Now looking at the market move, even that will be broken, which is again positive for the market.
Market move above 5780 on expiry day is very surprising and this gives more confidence in the market. Since the volumes are good yesterday and continuous followup buying today, this is very much positive and we can expect market to test 6000 from here now. You can go long keeping stop loss at 5660 as stop loss.
ABB India Q3 net profit up 30% at Rs 108.34 crore.
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